PMG Considers Selling Off Part Of Empire World Towers Site, Building One Tall Tower

More interesting tidbits about the PMG acquisition of the Empire World Towers site came in a Herald interview last week:

  • Fortress Credit Co. LLC provided financing to PMG for the purchase (the parent company of Fortress also owns All Aboard Florida, which is building MiamiCentral a few blocks away)
  • PMG President Kevin Maloney says that ‘people are asking us’ to sell the back of the Empire World Towers site. If PMG sells, they would build just one bayfront condo tower
  • Another option is to retain the full site and build two towers. One would be condo, the other rental
  • Maloney says that he would like to build something tall on the site, but ‘ultimately, the FAA will decide’ (Maloney is a licensed pilot)
  • A PMG principal says that they like working with architect Carlos Ott